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I recently went on a golf trip with some buddies at the Ritz-Carlton resort in Orlando, Fla. And a lesson I learned on the links relates to this wildly swinging market – to a "T."
My longtime readers know that I absolutely like playing the maddening game of golf. (Note: I did not say "love.") That slightly tempered affection comes from the fact that, for years, I never used my driver – years.
It was too much club with too little control, and in a precise game like golf, that spelled trouble. I'd line up my shots, wind into my picturesque backswing, and torque down into the impact position.
All good, right? Well, not for me. The result was a big move with no control. And I can't even begin to tell you the number of golf balls I lost trying my damnedest to get good with my driver.
So a month ago, when I was doing a loop at the Ritz-Carlton, I was grouped with a father and his son – both clearly better than me. After 12 holes, he took note that I hadn't used my driver.
I gave him the same explanation as above, "Big moves, no control."
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He walked up to my bag, took out the driver, and inspected the back of the head before flashing a little, knowing smile.
Before I knew it, he whipped out a tool from his own bag and went to work. He was silent and studious as he tinkered with my driver. Then, after about three minutes of ratcheting and adjusting weights, Dave – that's his name – handed the club to me.
I thought to myself, "There's no way that off-the-cuff, three-minute tinkering is going to get me in the short grass."
Then, bam! 250-275 yards right down the middle. So much for unlucky number 13.
Next hole, bam! As if I had hit the thing on a rope. And so on and so forth.
The subtle changes to the club made all the difference in the world. Suddenly, I was pondering about joining the Pro-Am tour. That's the kind of moment I think all golfers have after a great stretch: "Holy cow, I am good!" (That's almost always a misguided thought.)
Anyway, you might be wondering why the hell I'm telling you this story. And no, it's not just to brag about being able to hit John Daly–style drives now.
I'm telling you this story because before Dave's tinkering, my driver and I were a lot like this market: big moves, no control.
Let me explain what I mean…
About the Author
Chris Johnson is a quant - he's obsessed with building and perfecting mathematical models that allow him to predict, with startling accuracy, the direction of the markets, entire sectors, and individual securities. For the last year, he's been researching and building a new system that lets him move swiftly in and out of the hottest stocks in the market for life-changing gains - entirely on his own terms. The results of his newly-minted Night Trader system are nothing short of amazing.
Chris also contributes to Money Morning as the Quant Analysis Specialist.